NYSE:EGP - EastGroup Properties Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Hold
Consensus Price Target: $153.44
Forecasted Upside: -6.43 %
Number of Analysts: 9
Breakdown:
0 Sell Ratings
8 Hold Ratings
1 Buy Ratings
0 Strong Buy Ratings

^$163.99 As of 06/18/2021 01:00 AM ET

▼ -4.67 (-2.77%)

1 month | 3 months | 12 months

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Analyst Price Target for EGP

^$153.44

▼ -6.43% Downside Potential

This price target is based on 9 analysts offering 12 month price targets for EastGroup Properties in the last 3 months. The average price target is $153.44, with a high forecast of $168.00 and a low forecast of $139.00. The average price target represents a -6.43% upside from the last price of $163.99.

Hold

The current consensus among 9 contributing investment analysts is to hold stock in EastGroup Properties. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
1 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

12/26/2019

0 strong buy ratings
1 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

3/25/2020

0 strong buy ratings
2 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

6/23/2020

0 strong buy ratings
2 buy ratings
6 hold ratings
0 sell ratings

Ratings as of

9/21/2020

0 strong buy ratings
1 buy ratings
7 hold ratings
0 sell ratings

Ratings as of

12/20/2020

0 strong buy ratings
2 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

3/20/2021

0 strong buy ratings
1 buy ratings
7 hold ratings
0 sell ratings

Ratings as of

5/19/2021

0 strong buy ratings
1 buy ratings
8 hold ratings
0 sell ratings

Ratings as of

6/18/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
6/7/2021	Wells Fargo & Company	Boost Price Target	Equal Weight	$148.00 ➝ $168.00	Medium
6/1/2021	Royal Bank of Canada	Boost Price Target	Sector Perform	$144.00 ➝ $163.00	Medium
5/20/2021	Morgan Stanley	Boost Price Target	Equal Weight	$144.00 ➝ $153.00	Medium
5/17/2021	Truist Securities	Boost Price Target	Hold	$145.00 ➝ $152.00	Low
5/17/2021	Truist	Boost Price Target	Hold	$145.00 ➝ $152.00	Low
4/21/2021	Mizuho	Boost Price Target	Neutral	$145.00 ➝ $150.00	Low
4/16/2021	BTIG Research	Boost Price Target	Top Pick ➝ Buy	$158.00 ➝ $164.00	Low
3/31/2021	Wells Fargo & Company	Boost Price Target	Equal Weight	$138.00 ➝ $148.00	Medium
1/21/2021	BTIG Research	Upgrade	Neutral ➝ Buy	$158.00	Medium
11/16/2020	Mizuho	Boost Price Target	Neutral	$138.00 ➝ $145.00	Low
9/22/2020	Robert W. Baird	Initiated Coverage	Neutral	$140.00	Medium
8/13/2020	Citigroup	Boost Price Target	Neutral	$115.00 ➝ $139.00	Low
8/11/2020	Morgan Stanley	Boost Price Target	Equal Weight	$120.00 ➝ $144.00	High
8/4/2020	Mizuho	Boost Price Target	Market Perform ➝ Neutral	$105.00 ➝ $138.00	Low
5/8/2020	Royal Bank of Canada	Boost Price Target	Sector Perform	$102.00 ➝ $108.00	Low
4/14/2020	Piper Sandler	Lower Price Target	Overweight	$150.00 ➝ $130.00	High
4/7/2020	Citigroup	Lower Price Target	Neutral	$133.00 ➝ $98.00	Medium
3/27/2020	Royal Bank of Canada	Initiated Coverage	Sector Perform	$102.00	Medium
3/10/2020	Morgan Stanley	Lower Price Target	Equal Weight	$130.00 ➝ $120.00	High
2/18/2020	SunTrust Banks	Boost Price Target	Hold	$125.00 ➝ $135.00	Low
2/7/2020	Evercore ISI	Initiated Coverage	Hold	$128.00	Low
12/10/2019	Morgan Stanley	Boost Price Target	Equal Weight	$120.00 ➝ $130.00	Low
10/25/2019	Stifel Nicolaus	Set Price Target	Buy	$145.00	N/A
10/7/2019	Morgan Stanley	Boost Price Target	Equal Weight	$110.00 ➝ $120.00	High
9/23/2019	Citigroup	Boost Price Target	Neutral	$109.00 ➝ $129.00	Low
8/13/2019	SunTrust Banks	Boost Price Target	Hold	$105.00 ➝ $115.00	Low
6/3/2019	Morgan Stanley	Boost Price Target	Equal Weight	$105.00 ➝ $110.00	Low
2/19/2019	SunTrust Banks	Boost Price Target	Hold ➝ Hold	$92.00 ➝ $98.00	Low
12/17/2018	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$90.00 ➝ $97.00	High
12/9/2018	Jefferies Financial Group	Initiated Coverage	Hold	$99.00 ➝ $100.23	Low
11/30/2018	Jefferies Financial Group	Initiated Coverage	Hold ➝ Hold	$99.00	Low
10/30/2018	Citigroup	Boost Price Target	Neutral ➝ Neutral	$90.00 ➝ $94.00	Low
10/23/2018	SunTrust Banks	Set Price Target	Hold	$92.00	Low
7/30/2018	Wells Fargo & Company	Boost Price Target	Market Perform ➝ Market Perform	$96.00 ➝ $98.00	Low
7/30/2018	Mizuho	Reiterated Rating	Hold	$92.00	Low
7/25/2018	Citigroup	Boost Price Target	Neutral ➝ Neutral	$87.00 ➝ $90.00	Medium
7/23/2018	Sandler O'Neill	Set Price Target	Buy	$105.00	Low
7/16/2018	Bank of America	Boost Price Target	Buy ➝ Buy	$100.00 ➝ $103.00	Medium
5/31/2018	Stifel Nicolaus	Upgrade	Hold ➝ Buy	$93.00 ➝ $103.00	Medium
2/7/2018	Sandler O'Neill	Reiterated Rating	Buy	$95.00	Medium
2/4/2018	Mizuho	Reiterated Rating	Hold	$90.00	High
1/22/2018	SunTrust Banks	Upgrade	Sell ➝ Hold		High
12/14/2017	Morgan Stanley	Reiterated Rating	Equal Weight	$82.00	Low
11/6/2017	Bank of America	Boost Price Target	Buy	$100.00 ➝ $103.00	N/A
10/30/2017	Citigroup	Boost Price Target	Neutral	$84.00 ➝ $87.00	N/A
10/29/2017	SunTrust Banks	Set Price Target	Sell	$85.00	N/A
10/23/2017	Cantor Fitzgerald	Boost Price Target	Neutral	$79.00 ➝ $84.00	N/A
10/23/2017	Mizuho	Downgrade	Buy ➝ Neutral		N/A
10/20/2017	DA Davidson	Set Price Target	Hold	$100.00	N/A
10/20/2017	Cantor Fitzgerald	Reiterated Rating	Hold	$79.00	N/A
9/24/2017	KeyCorp	Reiterated Rating	Hold		Low
9/5/2017	Sandler O'Neill	Upgrade	Hold ➝ Buy	$90.00 ➝ $104.00	Low
8/25/2017	KeyCorp	Reiterated Rating	Hold ➝ Neutral		Low
8/16/2017	Bank of America	Upgrade	Neutral ➝ Buy	$91.00 ➝ $96.00	Low
7/28/2017	Stifel Nicolaus	Reiterated Rating	Hold	$85.00	Low
7/25/2017	Cantor Fitzgerald	Reiterated Rating	Hold	$75.00	High
4/24/2017	Mizuho	Boost Price Target	Buy	$80.00 ➝ $88.00	Low
4/24/2017	Stifel Nicolaus	Boost Price Target	Hold	$73.00 ➝ $78.00	Low
4/23/2017	Evercore ISI	Reiterated Rating	Underperform	$69.00 ➝ $73.00	Low
4/12/2017	Morgan Stanley	Upgrade	Underweight ➝ Equal Weight	$76.00	Low
3/22/2017	BMO Capital Markets	Reiterated Rating	Hold	$70.00	Low
3/7/2017	Cantor Fitzgerald	Reiterated Rating	Neutral	$70.00	N/A
2/8/2017	Cantor Fitzgerald	Reiterated Rating	Hold	$70.00	N/A
1/9/2017	Raymond James	Reiterated Rating	Outperform ➝ Market Perform		N/A
12/23/2016	Mizuho	Reiterated Rating	Buy		N/A
12/13/2016	Citigroup	Downgrade	Buy ➝ Neutral	$73.00	N/A
10/21/2016	Cantor Fitzgerald	Upgrade	Sell ➝ Hold	$63.00 ➝ $71.00	N/A
9/28/2016	Mizuho	Initiated Coverage	Buy	$83.00	N/A
9/6/2016	Morgan Stanley	Initiated Coverage	Underweight	$65.00	N/A
8/25/2016	BTIG Research	Initiated Coverage	Neutral		N/A
7/28/2016	BMO Capital Markets	Reiterated Rating	Hold	$70.00	N/A
7/22/2016	Sandler O'Neill	Downgrade	Buy ➝ Hold		N/A
7/22/2016	Stifel Nicolaus	Downgrade	Buy ➝ Hold		N/A
7/7/2016	Citigroup	Boost Price Target	Buy	$67.00 ➝ $78.00	N/A

(Data available from 6/18/2016 forward)

EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.

Today's Range

Now: $163.99

$163.81

$168.85

50 Day Range

MA: $157.71

$148.54

$170.97

52 Week Range

Now: $163.99

$113.47

$171.42

Volume

385,952 shs

Average Volume

176,829 shs

Market Capitalization

$6.56 billion

P/E Ratio

57.54

Dividend Yield

1.87%

Beta

0.71

Frequently Asked Questions

What sell-side analysts currently cover shares of EastGroup Properties?

The following Wall Street sell-side analysts have issued reports on EastGroup Properties in the last twelve months: BTIG Research, Citigroup Inc., Mizuho, Morgan Stanley, Robert W. Baird, Royal Bank of Canada, Truist, Truist Securities, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for EGP.

What is the current price target for EastGroup Properties?

9 Wall Street analysts have set twelve-month price targets for EastGroup Properties in the last year. Their average twelve-month price target is $153.44, suggesting a possible downside of 6.4%. Wells Fargo & Company has the highest price target set, predicting EGP will reach $168.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $139.00 for EastGroup Properties in the next year.
View the latest price targets for EGP.

What is the current consensus analyst rating for EastGroup Properties?

EastGroup Properties currently has 8 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in EGP, but not buy more shares or sell existing shares.
View the latest ratings for EGP.

What other companies compete with EastGroup Properties?

Other companies that are similar to EastGroup Properties include Prologis, First Industrial Realty Trust, STAG Industrial, Terreno Realty and Monmouth Real Estate Investment.

How do I contact EastGroup Properties' investor relations team?

EastGroup Properties' physical mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The real estate investment trust's listed phone number is 601-354-3555 and its investor relations email address is [email protected] The official website for EastGroup Properties is www.eastgroup.net.